is running around in circles, rubbing his hands, and giggling
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It shouldn't really matter all that much. They will be out of BK in a year, current debt will be paid off, making profits.
The .805's are gone from the ask, 2x .81 left.
I can see it at $8 in a year from now. If the overall economy should pick up better than expected, it might spike to $12. All in my opinion, and who knows, I may be full of s***.
Yes, March 2010.
0.82 coming up shortly
I saw that too...just amazing.
Nicely said. I don't think it will take all that long. In 12 months from now I am seeing the PPS above $5.00, way above to be honest.
I think it is going to be hard to tell what the next resistance is since there is no post-BK reference. All reference points higher than .84 are pre-BK and I think this makes them less reliable. We are probably looking here more at psychological resistance levels like 1.00, 1.05, 1.20, 1.50, ...
At the moment it still looks like we are not quite over the 0.78. Let's hope that potential buyers will wake up soon and get us some volume, otherwise the MM's will walk us down again.
0.84 is the previous high and should be our next resistance. Apparently .80 turns out to be somewhat tough as well.
If I recall correctly, it was mentioned in the initial ICIS interview that there was more information forthcoming in the Sep. 7 issue of the ICIS magazine. It was published on 9/2 and here is a link:
http://www.icis.com/Articles/2009/09/07/9244592/chemtura-seeks-to-restructure-and-exit-chapter-11-bankruptcy.html
perhaps now?
We're just not getting past that .78 resistance. It's been a biatch...
Thanks a lot!
bluebird, I posted your question on the tax board. You should be able to read responses as a non-premium member.
Here is another question: How difficult is it to obtain permission from the IRS to take retirement (IRA) monies and put into a Trust for the purpose of buying realestate? I know its legal and that it requires permission first. And can a CPA set up a trust or would I need a finance lawyer?
Thanks in advance!
I was thinking about going there many times, but usually ended up visiting Greek islands further south east. My absolute favorite is Kos Island - was there like 8 times. But admittedly, your picture of the ship wreck at the Zakynthos beach is one of the most beautiful Greece has to offer.
MC, I like you new picture of Zakynthos... perhaps another good place to have a CEMJQ party next year...
Hey, thanks a lot, this is exactly the answer to my question.
I have a quick question about taxes on long-term capital gains. All publications I could find refer to the personal tax bracket, which determines the tax rate on those gains.
Is the personal tax bracket determined by the taxable income INCLUDING or EXCLUDING the long-term capital gains?
For example, if someone makes 50k (regular income) a year and is in the 10% bracket and got lucky by making a couple of million dollars long term capital gains in 2010 - is that a couple of millions of tax free income? Or do the capital gains increase the tax rate to 35% and therefore the tax rate on the capital gains is 15%?
Any idea anyone?
thank you OHMYGOD, this is a good summary. The only question I have open in my mind is how one determines the initial personal tax bracket, i.e. what income this tax bracket is based on - the income including OR excluding the capital gains. This might make a world of a difference...
OHMYGOD, have you ever heard from your CPA?
It looks like we are having a really hard time to get to that .78 mark. May not be today. I'm guessing we will close at .76 today.
It seems that we usually have a good day when the overall market has a bad one.
The overall market is just about to turn down, so CEMJQ should be turning up :)
What I can't find out from publications is what the marginal tax rate refers to. Is it the tax rate before or after you add the capital gains? In other words, if you make 50k a year and are in the 10% bracket and then you have a couple of million dollars long term capital gains in 2010 - is that a couple of millions of tax free income? Or do the capital gains increase your tax rate to 35% and therefore your tax rate on the capital gains is 15%?
Any idea anyone?
$12 is my number as well. If I change it, then only upwards.
It looks like we're gonna make it...
I wouldn't read too much into this. I am dealing with HR and employment law in my real job, and there could be dozens of other reasons why this law firm has been retained. Could be as simple as a dispute with a union over overtime pay and liquidated damages. Been there, done that, got the t-shirt...
I think you are correct. Plus, historically the share price never really moved on news anyways.
Will the market react positively to this tomorrow?
I also think that $12 is an attainable share price for CEMJQ by this time next year, provided they emerge from BK in the first quarter of 2010 as expected.
What do you guys think?
whoohoo $4 for a bottle of sparkling wine...how fancy. Don't you think that bottle of Chardonnay for $1.99 from Savemart will do?
Well, there is really not any volume worth mentioning so far today. The bad - we won't go up. The good - nobody seems to be selling either.
I was personally thinking $1.23, but $1.08 would work for me as well. I wouldn't even question it.
Unless we get confirmed news about an asset sale with a committed offer and a hard number attached to it...then we might just wake up one morning and $1.08 will be a thing of the past...
Why not play it really bold. Does that Investopedia definition say that the book value needs to be the book value of the company that you owned shares of? Could you use the book value of a different company? If that was true, you could give them the book value of Birkshire Hathaway, which is about $75,000 per share. You may never have to pay taxes again...
You are correct about subtracting the book value, however, you have to look at the correct book.
The IRS doesn't mean the book value that Chemtura shows their shareholder equity to be at, what the IRS means is the book value of your investment, and this is the price you paid when you bought your shares. They only care about your books, not Chemtura's.
Thank you jrdig7, I guess that makes the most sense. In my suspicious mind, I was imagining a conspiracy between the funds and the evil MM's, but I guess I watched too many of those spy movies.
I'm asking this again...does anyone have an explanation for the sale price of 0.37? There was no such trade yesterday...
What now? Did we close at .52 or .53?